Key Facts about Irish Medtech Sector

Key Facts about Irish Medtech Sector

Currently 250 medical technology companies in Ireland, exporting €8bn worth of product annually and employing 25,000 people - the highest number of people working in the industry in any country in Europe, per head of population.

Exports of medical devices and diagnostics products now represent 8.5% of Ireland’s total merchandise exports.

Many of the world’s top medical technology companies have invested significantly in Ireland and a number of exciting, research-based, indigenous companies are emerging and competing internationally.

50% of the companies in the sector are indigenous (ref Enterprise Ireland).

The Irish government has identified the medical technology sector as one of the key drivers of industrial growth for the future and provides a wide range of supports to encourage and foster this growth.

The medical technology industry in Ireland is changing from being prominently manufacturing to being more complex and driven by R&D. It now involves intensive collaboration between a broad range of partners, including research institutions, clinicians, manufacturing companies and government agencies.

Some key European facts/ figures:

There are almost 22,500 medical technology companies in EU, employing nearly 500,000 employees, with annual sales of €95 billion*.